India: Huge, untapped potential for specialty chemicals

5:36 PM MST | February 11, 2013 | —Deepti Ramesh

The specialty chemicals sector in India offers tremendous growth opportunities for manufacturers as a result of rising domestic demand and the untapped potential that exists in the country, experts say. Multinational chemical companies’ share of the burgeoning specialty chemicals market in India has doubled in the last decade, and those companies are looking to strengthen their presence in the country through further investments in manufacturing capacity and R&D. The Indian Chemical Council (ICC; Mumbai) expects that sales by India’s chemical...